431 \\$200K Tax Wall: Why Business Owners Suddenly Pay More

Making more money should feel like a win. But once your income reaches the $200,000 range, several tax rules can start changing at almost the same time. In this episode, Tiffany explains five important tax thresholds that can affect business owners. You’ll learn how NIIT, Medicare tax, self-employment tax, the QBI deduction, and tax brackets can change your final bill. You’ll also see why different tax rules use different definitions of income. Most importantly, you’ll learn why smart tax planning matters before year-end. Tiffany shares tax strategies involving retirement contributions, taxable income, and business structure that may help you protect more of what you earn. If your business income is approaching $200,000, this is one episode you want to hear before you file your next return. 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ➡️https://tiffanyphillips.samcart.com/products/your-biggest-expense-bundle ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call ➡️https://calendar.phillipsbusinessgroup.com/tax 📧 Questions? Email Me at [email protected] ✅ Like and Rate us for more practical tax saving tips... Keep More! 👉if you want me to keep walking through these tax strategy moves, comment STRATEGY and I’ll get you some more information.